Shares of American Airlines fell about 8% yesterday after earnings, mainly due to a lower outlook for this year. I wasn't that impressed with $AAL, but lately it seems like the sector is starting to recover. I find $UAL and $DAL the best so far, but their share price is not too low again.
Travel recovers in the United States after covid slump
On average, more than 2.5 million passengers traveled on U.S. airlines daily last week, the most since August 2019.
I myself was under the mistaken impression that travel had still not returned to pre-Covid levels. Even the situation in Europe is slowly approaching 2019. Yet airline stocks are still low.($LUV, $AAL)
I bought$DAL and $AAL right away in covid and they are one of my most profitable positions so far :) and I am also thinking of buying more... I don't see why they shouldn't go back to at least pre-covid numbers... it just takes time...
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I have $RYAAY from this sector. It takes a slightly different approach than other companies. I wouldn't go to another one.